TPP to Expand Membership

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

TPP to Expand Membership

Chief negotiators from the 11 members of the Trans-Pacific Partnership pose in Hakone, Kanagawa Prefecture, on Thursday. | KYODO

Chief negotiators from the 11 signatories to the Trans-Pacific Partnership agreed this week to start accession talks with potential newcomers in 2019, when the free trade pact takes effect.  Thailand, Indonesia, Columbia, South Korea and Taiwan are reportedly seen as willing to join the revised accord, which was signed in March and is now formally known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.  The story is here.

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EU-Japan Trade Agreement Signed

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

EU-Japan Trade Agreement Signed

EU governments have approved a free-trade deal with Japan, Chris Brummer comments
Photo Courtesy of DW.com

European member states have given the go-ahead for a free trade deal with Japan, the world's third-largest economy, news outlets report.  Among other things,  the new accord will create the world’s largest open economic area, removing EU tariffs of 10 percent tariffs on Japanese cars and the 3 percent rate typically applied to car parts.  Meanwhile, Japan has reportedly committed to remove duties of some 30 percent on EU cheese and 15 percent on wines as well as allowing it to increase its beef and pork exports and gain access to large public tenders in Japan.

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Japan prepares for TPP, EU trade accords

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

Japan prepares for TPP, EU trade accords

Japanese tpp agreement, comments by Chris Brummer
source: the-japan-news.com

The Japanese government has adopted new measures to support the domestic dairy and other sectors, after it reached broad free trade accords with the European Union and with the current 10 other member countries of the Trans-Pacific Partnership earlier this year.  The story is here.

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